CIBC Asset Management Inc held its stake in shares of Amdocs Limited (NASDAQ:DOX) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,191 shares of the technology company’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Amdocs Limited were worth $528,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Teachers Advisors LLC increased its position in Amdocs Limited by 24.4% in the fourth quarter. Teachers Advisors LLC now owns 185,619 shares of the technology company’s stock worth $10,812,000 after buying an additional 36,451 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in Amdocs Limited by 0.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 12,414 shares of the technology company’s stock worth $757,000 after buying an additional 55 shares during the period. Creative Planning increased its position in Amdocs Limited by 62.7% in the first quarter. Creative Planning now owns 2,198 shares of the technology company’s stock worth $134,000 after buying an additional 847 shares during the period. Capstone Asset Management Co. increased its position in Amdocs Limited by 0.7% in the first quarter. Capstone Asset Management Co. now owns 44,622 shares of the technology company’s stock worth $2,721,000 after buying an additional 321 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Amdocs Limited by 2.4% in the first quarter. Nisa Investment Advisors LLC now owns 42,080 shares of the technology company’s stock worth $2,566,000 after buying an additional 1,000 shares during the period. Institutional investors own 88.74% of the company’s stock.

Amdocs Limited (NASDAQ DOX) opened at 62.86 on Wednesday. Amdocs Limited has a 52 week low of $54.91 and a 52 week high of $67.98. The firm has a 50-day moving average price of $65.28 and a 200-day moving average price of $62.85. The firm has a market capitalization of $9.17 billion, a P/E ratio of 21.84 and a beta of 0.54.

Amdocs Limited (NASDAQ:DOX) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.06. The business had revenue of $967 million during the quarter, compared to analyst estimates of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.73%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities analysts forecast that Amdocs Limited will post $3.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, September 28th. Amdocs Limited’s dividend payout ratio is currently 30.66%.

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A number of equities analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $72.00 price target (up from $68.00) on shares of Amdocs Limited in a research note on Thursday, August 3rd. Barclays PLC reiterated a “hold” rating and issued a $68.00 price target on shares of Amdocs Limited in a research note on Friday, August 4th. Zacks Investment Research downgraded Amdocs Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $68.00 price target on shares of Amdocs Limited in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $67.63.

About Amdocs Limited

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.

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Institutional Ownership by Quarter for Amdocs Limited (NASDAQ:DOX)

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